College Fund Challenge

This is a discussion on College Fund Challenge within the Trading Journals forums, part of the Reception category; Originally Posted by BeginnerJoe We also have documented proof your account went so deep into the red that you have ...

View Poll Results: How close to my goal of $2,000,000 do you think I will get?
You think I will blow the account and my $100 will be lost. 79 58.52%
You think I will somewhat earn a profit $200-$1,500. 17 12.59%
You think I will get a pretty good return but not close to $2,000,000. 27 20.00%
You think I will get way more then $2,000,000. 12 8.89%
Voters: 135. You may not vote on this poll

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Old Jun 15, 2011, 7:36pm   #49
Joined Sep 2010
Re: College Fund Challenge

tkbieber started this thread
Quote:
Originally Posted by BeginnerJoe View Post
We also have documented proof your account went so deep into the red that you have to use significant amount of additional margin money.. So this challenge should be changed to: make 2 million from $100 using additional $2 million as back up margin money..

Anyway I have seen what I needed to see and voted on your poll. Hold until profit shows works a lot of the time. On the one time it stops working, it will wipe you out.

It would be interesting to see how people following you will do in this. I know you have a lot of faith in your system. But I wonder if others are as willing to go down with the ship with you, or even if they have additional money in reserve to put up as margin.
The original deposit was $100 +$30 bonus. With the old settings, it dropped to $80.54 and since I changed the settings, it would be up +$148.59 without additional funds. No, the additional $200 is from clients who added $100 each and have contracts with. The account is in the green by +14.6% with or without their deposits. Anyway, I don't need to defend it as I know how well it performs. Thanks for your vote.

If it collapses, so be it. $100 can be spent on a dinner and a movie a couple times. I didn't call it a "challenge" for nothing.

By the way, now account 1 is not expecting $2M but $6M because of the additional $200 from other investors. Mathematically, that would only make sense.
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Old Jun 16, 2011, 12:41pm   #50
Joined Jun 2011
Re: College Fund Challenge

Quote:
Originally Posted by tkbieber View Post
If it collapses, so be it. $100 can be spent on a dinner and a movie a couple times. I didn't call it a "challenge" for nothing.
If it collapses, you will lose $100 plus a large chunk of margin money you put in separately. You can call the margin money as money from other investors if you like. But the outcome is the same: you will lose a lot more than $100 from your make millions from $100 (plus $2 million margin money) challenge.

Last edited by BeginnerJoe; Jun 16, 2011 at 12:55pm.
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Old Jun 16, 2011, 1:04pm   #51
Joined Sep 2010
Re: College Fund Challenge

tkbieber started this thread
Quote:
Originally Posted by BeginnerJoe View Post
If it collapses, you will lose $100 plus a large chunk of margin money you put in separately. You can call the margin money as money from other investors if you like. But the outcome is the same: you will lose a lot more than $100 from your make millions from $100 (plus 2 million margin money) challenge.
You're pretty funny, beginner.

Today had a trade for 25 pips on account 1. Actually, 24.8 pips, to be exact. That's +12.4% for the week. One more day. We'll see if I get another trade before the weekend.

Account 2 had a grand 2 pips. 6.4% for the week so far. Seems like the two accounts are having their own little race.
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Old Jun 17, 2011, 12:14pm   #52
Joined Sep 2010
Re: College Fund Challenge

Starting funds Monday 13th June £391

JUNE
Mon 13th £391 = $642
Fri 17th £428 = $688
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Old Jun 17, 2011, 8:51pm   #53
Joined Sep 2010
Re: College Fund Challenge

tkbieber started this thread This Week's Results

Account 1: +12.4%
Total gain: +20.9% This still has an open trade from last night and looks like it will be open over the weekend.

Account 2: +6.8%
Total gain: +56.5% This got away with 1 pips trade last night so there is no open trade.

Because of account 2 broker having messed up records, I had to adjust the total gain from would would be over 80% to now 56%. The reason is because I had to adjust the original balance from $100, to $150 because they added an additional $50 because of their problems.

Anyway, it should all look smoother in a few months.

Have a great weekend!!
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Old Jun 20, 2011, 1:07pm   #54
Joined Sep 2010
Re: College Fund Challenge

tkbieber started this thread Account 1: Trade still open from Friday so nothing to report there.

Account 2: Because Friday's trade closed, it was free to open another sell if conditions were met and they were so it opened a sell. I know it's hitting a strong resistance area so it may have some trouble punching through. We will see as it's still open.
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Old Jun 21, 2011, 1:44am   #55
 
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Joined Mar 2011
Re: College Fund Challenge

hey tk, what indicators/trading plan do you use to determine entries?
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Old Jun 21, 2011, 12:27pm   #56
Joined Sep 2010
Re: College Fund Challenge

tkbieber started this thread
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Originally Posted by TASK View Post
hey tk, what indicators/trading plan do you use to determine entries?
As a base, I use FMT turbo version. However, my settings are very different which renders (so far) 100% accuracy.

Last night had a small gain of 1 pip on both accounts.

The market looks like it is going back down from Friday and Monday's trades which are still open.

On a side note, I will hedge if indicators are lined up for an opposite trade as the current open trade. However, I won't take two sells in a row as this just doubles my risk which would be just crazy. (Even though in history, the double trading still resulted in a good trade. Just too much risk I'm not willing to take.)
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